FinCEN ISSUES PROPOSED RULE FOR SAR SHARING PILOT PROGRAM TO COMBAT ILLICIT FINANCE RISKS

On 24 January, FinCEN advised that it had issued a Notice of Proposed Rule Making (NPRM) that proposes and solicits public comment on the establishment of a limited-duration pilot program for sharing SAR, in accordance with Section 6212 of the Anti-Money Laundering Act 2020.

https://www.fincen.gov/news/news-releases/fincen-issues-proposed-rule-suspicious-activity-report-sharing-pilot-program

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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